Kandi Technologies Subsidiary Partners with CATL for Battery Swap Ecosystem

Kandi Technologies' subsidiary, China Battery Exchange Technology (CATL), has entered into a procurement contract with Contemporary Amperex Technology, a global leader in new energy technologies. This partnership marks CATL's official entry into CATL's battery swap ecosystem and deepens Kandi Technologies' strategic footprint in the new energy infrastructure sector.

Kandi Technologies Group, Inc. (NASDAQ: KNDI) has announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co. Ltd. (China Battery Exchange), has entered into a "Framework Procurement Contract" with Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ). This strategic partnership marks China Battery Exchange's official entry into CATL's battery swap ecosystem and deepens Kandi Technologies' strategic footprint in the new energy infrastructure sector.

Under the terms of the agreement, China Battery Exchange will provide standardized, high-performance battery swapping station equipment and comprehensive support solutions, including main station structures, advanced robotic arm systems, and precision battery compartment temperature control modules. This collaboration supports CATL's goal of building 500 battery swapping stations this year and scaling up to more than 10,000 stations across mainland China over time.

The initial order for heavy-truck battery swap stations is expected to be delivered within three months, followed by a transition to small-batch production. This partnership is set to generate significant growth in equipment orders for China Battery Exchange, leveraging the substantial demand for battery swapping equipment and support solutions generated by CATL's expanding network.

Kandi Technologies' intelligent battery swapping system features nine core modules, offering key advantages such as one-click swapping, rapid 90-second battery swapping, automated billing, and real-time performance monitoring. Zhong Huan Electric, a comprehensive battery swapping solution provider established in 2020, delivers integrated "hardware + software + operation" solutions.

The CEO of Kandi Technologies, Feng Chen, commented, "This partnership represents a quintessential example of the synergy between a dedicated equipment supplier and an ecosystem leader. We are providing more than just advanced hardware, as we are helping accelerate the rollout of battery swap networks with standardized, intelligent solutions. This collaboration is set to unlock significant growth opportunities for Kandi Technologies within the new energy infrastructure sector."

About Contemporary Amperex Technology Co., Ltd. (CATL), established in 2011, is a global leader in the research and manufacturing of lithium-ion batteries. The company focuses on the research, production, and sales of power battery systems and energy storage systems for new energy vehicles.

Kandi Technologies Group, Inc. is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the company's primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas.

References:
[1] https://www.marketscreener.com/news/china-battery-exchange-technology-co-ltd-enters-into-a-framework-procurement-contract-with-contem-ce7c51dadb8bf120
[2] https://finance.yahoo.com/news/kandi-subsidiary-joins-catls-battery-143158257.html
[3] https://www.morningstar.com/news/globe-newswire/9510882/kandi-technologies-subsidiary-china-battery-exchange-signs-agreement-with-catl-to-become-battery-swap-station-equipment-supplier